Orient Bell Limited · NSE:ORIENTBELL
Orient Bell — Q1 FY24 Earnings Presentation
20 slides from Orient Bell's earnings presentation, Jul 25, 2023
Slide 1: Exchange filing cover letter under Regulation 30
OBL:HO:SEC:00: New Delhi : 25.07.2023 BSE Limited National Stock Exchange of India Ltd. Corporate Relation Department Exchange Plaza, 1st Floor, New Trading Ring Plot No. C/1, G Block, Rotunga BuildingPhiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Bandra (E) Mumbai - 400 001 Mumbai-40
Slide 2: Leaner, Stronger & Future Ready - Investor Presentation Q1FY24
Leaner, Stronger & Future Ready Investor Presentation Q1FY24
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements relating to Orient Bell Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and asso
Slide 4: OrientBell Limited - a leading manufacturer of tiles
OrientBell Limited- a leading manufacturer of tiles ▪ Sikandrabad, UP - 14.8 MSM ▪ Hoskote, KAR - 6.6 MSM ▪ Dora, GUJ - 2.2 MSM ▪ Morbi, GUJ - 10.0 MSM 5 46 3 State-of-the-art own Facilities Years in 2 AE* Facilities +33.6 Ceramics Industry Million sqmt Annual Capacity (including AE*) Strong Balance
Slide 5: Business Environment, Financial & Operational Highlights
Business Environment, Financial & Operational Highlights
Slide 6: Business Environment - Q1FY24
Business Environment- Q1FY24 ▪ Domestic Demand – ▪ No material improvement yet – demand from retail continues to be tepid. ▪ Over 200 Morbi units closed down over last six quarters ▪ Reducing gas prices at Morbi enabling heavy discounting. ▪ Narrowing price gap between ceramic & GVT accelerating shi
Slide 7: Operational Highlights of Q1FY24
Operational Highlights of Q1FY24 People Safety L&D >4000 Hrs NIL accidents Brand CP Connect OBTX Investments Active Count 356 Focused weak market 3.4% of sales - - 41% of total sales visits at par with LY Vitrified Mix GVT Salience 46% of total sales 27% of total sales (+7.0% y-o-y) (+4.3% y-o-y) *L
Slide 8: Quarterly Highlights – Revenues
Quarterly Highlights – Revenues Revenue (Rs. crores) 199.2 153.2 143.2 129.7 116.1 100.9 ERP Migration – One-Off Event impacting Q1 69.5 37.1 42.3 ▪ ERP migration planned for Q1 Q1FY23 Q4FY23 Q1FY24 ▪ Despite elaborate planning, technical glitches Volume (Lakh m2) led to unplanned delays in dispatch
Slide 9: Consolidated Abridged Income Statement
Consolidated Abridged Income Statement Quarter Ended (Rs. Crore) Q1 Q4 Q1 Q-o-Q Y-o-Y FY23 FY24 FY24 Income from Operation 153.2 199.3 143.2 -28.1% -6.5% ▪ One time impact of ERP migration impacted Other Operating Income 1.3 1.1 0.9 -11.8% -28.3% revenues & thus overall profitability in Revenue from
Slide 10: Strong Debt Profile & Working Capital Cycle
Strong Debt Profile & Working Capital Cycle Working Capital Debt DSO DIO DPO Short Term Borrowing Long Term Borrowing 29 Cash Rs 0.1 25 Cash Rs 41.0 Net Debt 18 59 Rs 10.7 Net Debt 50 43 Rs (-) 31.6 Cash Rs 3.3 39 55 Net Debt 29 Rs (-) 1.4 -54 -64 9.4 10.8 -84 1.9 31-Mar-22* 31-Mar-23* 30-Jun-23 31-
Slide 11: Company Initiatives
Company Initiatives
Slide 12: Update on Dora GVT Line – 2 project
Update on Dora GVT Line – 2 project GVT Line Project (Line-2) for 3.3 MSM capacity p.a. at Dora to support “Scale Up” in the Bigger and High Growth markets in South & West - “ON TRACK” Total investment ~Rs. 76 Crores and the plant is expected to commence operations by Q3FY24. 11
Slide 13: We continued celebrating our unique tiles
We continued celebrating our unique tiles 12 12
Slide 14: Showing Agility for Planned & Unplanned occasions
Showing Agility for Planned & Unplanned occasions 13 13
Slide 15: And launching Relevant New Products
And launching Relevant New Products 14 14
Slide 16: Historical Financials
Historical Financials
Slide 17: Historical Annual Performance Trends
Historical Annual Performance Trends Consolidated Figures Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 32 651 700 59 569 53 23 491 500 39 37 31 9 8 7 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Gross Margin* (%) EBITDA Margin (%) PAT Margin (%) 36.2% 35.9% 37.7% 35.2% 34
Slide 18: Consolidated Historical Income Statement
Consolidated Historical Income Statement (Rs Crore) FY19 FY20 FY21 FY22 FY23 Revenue from operation 571.1 492.3 502.5 654.3 705.1 Other Income 1.9 5.3 1.9 3.0 5.4 Cost of Goods Sold 256.7 236.3 238.9 270.4 274.9 Employee Benefit Expense 75.7 73.6 79.2 92.5 100.9 Other Expenses 201.8 156.4 149.2 235.
Slide 19: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Share Capital 14.2 14.3 14.4 14.4 14.5 Fixed Assets incl. CWIP 239.8 225.5 201.1 203.6 247.8 Reserves 218.3 225.3 234.9 270.3 295.8 Shareholders' Funds 232.6 239.6 249.3
Slide 20: Thank You
Thank You Orient Bell Limited Mr. Himanshu Jindal – CFO Mr. Ashish Kapur – AGM Treasury, Investor Relations & Corporate Finance +91-11-4711-9100 (B) investor@orientbell.com www.orientbell.com